NEWS

The three HD Hyundai Construction Equipment affiliates announced on November 22 that they recently acquired the International Standard Anti-Corruption Management System (ISO 37001) certification from global certification agency Lloyd’s Register Quality Assurance (LRQA).

Established by the International Organization for Standardization (ISO), ISO 37001 is an international standard that prevents bribery and corruption risks that may arise in corporate management activities and stipulates a systematic management system. It is awarded to companies that have the capacity and system to preemptively diagnose, immediately detect, and respond to corruption factors when they occur, according to a manual that complies with global standards.

HD Hyundai XiteSolution, HD Hyundai Construction Equipment, and HD Hyundai Infracore jointly pledge to pursue ethical management every year in accordance with ‘FOREST (Fairness, Ownership, Responsibility, Enthusiasm, Safety, Transparency & Trust)’, which dictates HD Hyundai’s ethical management value, and conduct regular training and inspection activities related to ethical job performance standards.
Additionally, they establish transparent business practices by operating a conflict-of-interest reporting system for internal employees and executives and those of subcontractors and business partners to preemptively prevent risks due to personal relationships that may pose a conflict of interest in the course of business.

Besides this, measures are activated against corruption risks in various places through the unethical conduct reporting system, and guarantee whistleblowers/informers’ confidentiality to keep their identities concealed while incentivizing them with rewards. As for gifts that were inevitably received, they can be returned through a designated delivery courier or donated to a social welfare organization.

As a result, they collectively passed the evaluation for all 31 specific items, including corruption risk assessment and anti-corruption policy, in seven fields, including organizational status, leadership, planning, and support, and was highly recognized for its corruption risk management capabilities.

A HD Hyundai XiteSolution official said, “With this certification, we have successfully strengthened our ESG management system that ensures greater trust to various stakeholders,” and added, “We are determined to remain a leading company in sustainable global ethics and compliance management by establishing a transparent and impartial corporate culture.”